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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4616888 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by Nobody: 7:26pm On Dec 09, 2018 |
Can one tell me the risks involved with Treasury Bills Investment? |
Re: Treasury Bills In Nigeria by Nobody: 8:15pm On Dec 09, 2018 |
PraiseDLord: I wonder why Access bank put a cap of 5 million naira max per slot. So one has to do multiple slots if depositing above 5M ![]() |
Re: Treasury Bills In Nigeria by Damolux01(m): 8:56pm On Dec 09, 2018 |
Hello Bosses...Does it really take long for terminated TBs to drop on ones account? I recently terminated a bill that was rolled over to in April. It's been over a month now...the payment has been effected on my account. Is it supposed to be this long? So someone can't urgently need his money again? Lol |
Re: Treasury Bills In Nigeria by PraiseDLord: 9:44pm On Dec 09, 2018 |
Damolux01:Never, mine has always been same day value. Why should a discounted instrument that is very liquid take such a time? It's same day please. Worst case, the bank buys it back to increase its regulatory CRR. |
Re: Treasury Bills In Nigeria by Damolux01(m): 9:56pm On Dec 09, 2018 |
PraiseDLord:This woman is playing games with me...Imagine her telling me that it's not the Bank that would liquidate it and that theres is just to send request to CBN or smth. Seems she wants me to call her bluff! |
Re: Treasury Bills In Nigeria by PraiseDLord: 12:17am On Dec 10, 2018 |
Damolux01:Which bank is this? |
Re: Treasury Bills In Nigeria by PraiseDLord: 12:38am On Dec 10, 2018 |
chigo4u:I think you're missing something and the young man that complained about sterling bank or another bank not paying interest upfront. You need to know how treasury bills works. T.bills are discountable instruments and they are so called because the investor gets its interest upfront. This means that the interest promised on a T-bill instrument is payable on the very day the investment commences. For instance, if a T-bill promises a 10.0% rate per annum and an investor wants to put in N1,000,000, the investor pays only N900,000 from the day of investment but gets back N1,000,000 at maturity. i.e. only N900,000 will be debited from your account on the 1st day of investment, while at maturity, you'll get back N1m. Hence, the N100,000 left in your account which represents the difference btw the investment value you requested from your banker and the amount actually debited from your account is the upfront interest that you've earned from the very 1st date of investment provided you hold till maturity. So, it's not that your banker will credit your account separately with the interest on the day of purchase. God bless you 5 Likes 2 Shares |
Re: Treasury Bills In Nigeria by chigo4u: 1:06am On Dec 10, 2018 |
PraiseDLord:Thanks for the clarification. SO If I write that I want to invest 1 million for instance and have just 900 thousand in my account, will the bank proceed with the investment (since thats what they'll take anyway) or I must have the 1 million complete in the account before the bank can proceed with the investment. This is a little bit confusing lol |
Re: Treasury Bills In Nigeria by unite4real: 6:30am On Dec 10, 2018 |
chigo4u: It depends on the bank. Stanbic won't accept but Diamond and GTB will. 1 Like |
Re: Treasury Bills In Nigeria by Damolux01(m): 6:45am On Dec 10, 2018 |
PraiseDLord:First Bank bro. I'll have to walk into the Managerial office this morning. |
Re: Treasury Bills In Nigeria by Tellemall: 8:58am On Dec 10, 2018 |
zamirikpo: How early does it normally come out? |
Re: Treasury Bills In Nigeria by Tellemall: 9:05am On Dec 10, 2018 |
PraiseDLord: What I wanted to ask has been answered. Thanks. |
Re: Treasury Bills In Nigeria by ozymes: 9:12am On Dec 10, 2018 |
Killing it softly. You nailed it PraiseDLord: |
Re: Treasury Bills In Nigeria by Nobody: 9:32am On Dec 10, 2018 |
Tellemall: 1st quarter starts December and not January, it's every other 2 weeks except communicated otherwise for unforeseen reasons. I stand to be corrected. Thanks. 1 Like |
Re: Treasury Bills In Nigeria by Tellemall: 9:35am On Dec 10, 2018 |
Barrytone: So we can expect it early in January? |
Re: Treasury Bills In Nigeria by GonFreecss1: 10:03am On Dec 10, 2018 |
condomuser: Yes, could be lower though if I am being conservative I will day 5-9% per annum. |
Re: Treasury Bills In Nigeria by GonFreecss1: 10:05am On Dec 10, 2018 |
Internetboy: I don't know how Stanbic does theirs, but the rates fluctuate just like other mutual funds do. If you speak to their customer care they will tell you how this is done. |
Re: Treasury Bills In Nigeria by GonFreecss1: 10:07am On Dec 10, 2018 |
Internetboy: Erm. I am not so sure. Call their customer care and ask though. I suspect 1-2% off the % of the interest. So could that be 20% of profit? Probably. But before you quote me, please talk to their customer service. |
Re: Treasury Bills In Nigeria by zamirikpo(m): 10:53am On Dec 10, 2018 |
If the 1Q 2019 calender isn't out by the end of the week , then it's safe to say that there would be no more TB auctions this year. Secondary market will suffice. |
Re: Treasury Bills In Nigeria by dipoolowoo: 10:53am On Dec 10, 2018 |
Market Expect N551b Inflow from Maturing Treasury Bills https://businesspost.ng/2018/12/10/market-expect-n551b-inflow-from-maturing-treasury-bills/ Q3 201: Nigeria's Economy Expands After 1.81% Rise in GDP https://businesspost.ng/2018/12/10/q3-2018-nigerias-economy-expands-after-1-81-rise-in-gdp/ |
Re: Treasury Bills In Nigeria by PraiseDLord: 12:10pm On Dec 10, 2018 |
chigo4u:Absolutely! That's the beauty of treasury bills; and it's called interest backend! So you absolutely can buy a N1m portion with only N900,000 in your account. All you've done is that you've converted your interest from upfront to backend by compounding same and investing that. I've done this severally especially when I don't have immediate need for cash. Remain blessed! |
Re: Treasury Bills In Nigeria by PraiseDLord: 12:36pm On Dec 10, 2018 |
unite4real:How? Why not? You need to know your right! The fact that the customer care officer you met turned you down does not mean the bank don't do it! You should have educated the person straightaway! The truth is that bankers don't know it all! That's why you have some of us with core expertise in Finance both as a course of study in first & higher degrees and also as a practical on the job experience in the industry. 1 Like |
Re: Treasury Bills In Nigeria by chigo4u: 12:46pm On Dec 10, 2018 |
PraiseDLord:Great, thanks for the info. |
Re: Treasury Bills In Nigeria by chloride6: 2:00pm On Dec 10, 2018 |
15% bitch ![]() |
Re: Treasury Bills In Nigeria by ozymes: 3:26pm On Dec 10, 2018 |
What do ya mean? Is this a bait?................waiting for response chloride6: |
Re: Treasury Bills In Nigeria by chloride6: 3:30pm On Dec 10, 2018 |
ozymes: Longest tenor for OMO today |
Re: Treasury Bills In Nigeria by ozymes: 3:36pm On Dec 10, 2018 |
Guns are blazing right now! chloride6: |
Re: Treasury Bills In Nigeria by mindeed(f): 6:42pm On Dec 10, 2018 |
Please how do i check the rates of each bank's Tbill instrument? Whats banks have the best rates at the moment? |
Re: Treasury Bills In Nigeria by Cation(m): 6:44pm On Dec 10, 2018 |
ozymes:it is the Federal government SUKUK BOND. 7 years 15.7...% per annum. |
Re: Treasury Bills In Nigeria by Ibrahim505(m): 7:34pm On Dec 10, 2018 |
Cation:tbills interest fluctuates and while this is fixed throughout the duration. Investing 2.1m in the bond while compounding the annual interest will makes your money grow to 6.2m by maturity. Among many reason the rich keep getting richer. |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 7:57pm On Dec 10, 2018 |
Ibrahim505: Simple truth |
Re: Treasury Bills In Nigeria by ozymes: 10:48pm On Dec 10, 2018 |
What is the security compared to tbill? Ibrahim505: |
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